Brokerages Set Raymond James (NYSE:RJF) PT at $167.55

Raymond James (NYSE:RJF - Get Free Report) has received a consensus recommendation of "Hold" from the twelve research firms that are currently covering the firm, Marketbeat Ratings reports. Eight research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $167.55.

RJF has been the subject of several research analyst reports. The Goldman Sachs Group raised shares of Raymond James from a "neutral" rating to a "buy" rating and upped their price target for the stock from $161.00 to $185.00 in a research report on Monday, January 6th. Bank of America upped their price objective on Raymond James from $198.00 to $201.00 and gave the stock a "buy" rating in a report on Thursday, January 30th. UBS Group upgraded Raymond James from a "hold" rating to a "strong-buy" rating in a report on Monday, January 6th. Citigroup raised their price objective on Raymond James from $145.00 to $170.00 and gave the stock a "neutral" rating in a report on Friday, January 10th. Finally, JMP Securities boosted their target price on Raymond James from $175.00 to $190.00 and gave the stock a "market outperform" rating in a report on Thursday, January 30th.

Hedge Funds Weigh In On Raymond James

Hedge funds have recently bought and sold shares of the company. California State Teachers Retirement System raised its stake in Raymond James by 4.8% during the fourth quarter. California State Teachers Retirement System now owns 276,397 shares of the financial services provider's stock valued at $42,933,000 after buying an additional 12,616 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Raymond James by 11.1% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 42,628 shares of the financial services provider's stock valued at $6,621,000 after acquiring an additional 4,269 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Raymond James during the 4th quarter valued at approximately $17,379,000. Jefferies Financial Group Inc. bought a new position in Raymond James during the fourth quarter worth $9,366,000. Finally, Capital A Wealth Management LLC acquired a new position in Raymond James in the fourth quarter worth $170,000. 83.83% of the stock is currently owned by institutional investors and hedge funds.

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Raymond James Trading Up 0.5 %

RJF traded up $0.77 during trading on Tuesday, hitting $145.73. The company's stock had a trading volume of 988,478 shares, compared to its average volume of 1,172,235. Raymond James has a twelve month low of $104.24 and a twelve month high of $174.32. The firm's 50 day moving average price is $156.35 and its 200-day moving average price is $150.12. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.03 and a quick ratio of 1.01. The stock has a market cap of $29.86 billion, a PE ratio of 14.22, a PEG ratio of 0.90 and a beta of 1.04.

Raymond James (NYSE:RJF - Get Free Report) last released its earnings results on Wednesday, January 29th. The financial services provider reported $2.93 earnings per share for the quarter, topping the consensus estimate of $2.62 by $0.31. Raymond James had a return on equity of 19.71% and a net margin of 14.06%. On average, analysts expect that Raymond James will post 11.17 earnings per share for the current year.

Raymond James Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st will be issued a $0.50 dividend. The ex-dividend date is Tuesday, April 1st. This represents a $2.00 annualized dividend and a yield of 1.37%. Raymond James's dividend payout ratio is presently 19.51%.

About Raymond James

Raymond James Financial, Inc, a financial holding company, through its subsidiaries, engages in the underwriting, distribution, trading, and brokerage of equity and debt securities, and the sale of mutual funds and other investment products in the United States, Canada, Europe, and internationally. The company operates through Private Client Group, Capital Markets, Asset Management, RJ Bank, and Other segments.